TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.35 -0.81%

(8/20 12:02) ◀

Thursday, August 20, 2026 (1:00pm)

▶ (8/20 14:01)

◀ 8/20 13:02 ▶

Option Volume

Detail

ℹ

Current (08/20 1:00pm) 328,804

Calls: 183,309 (56%)

Puts: 145,495 (44%)

Prior (08/19) 439,609

Calls: 328,713 (75%)

Puts: 110,896 (25%)

Current vs Prior -25.21%

Calls: -44.23% (Calls)

Puts: +31.20% (Puts)

Prior 7-Day Total 3,270,871

Calls: 1,912,899 (58%)

Puts: 1,357,972 (42%)

Prior 7-Day Average 467,267

Calls: 273,271 (58%)

Puts: 193,996 (42%)

Current vs Prior 7-Day Avg -29.63%

Calls: -32.92%

Puts: -25.00%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/20 1:00pm) $17.99M

Calls: $8.31M (46%)

Puts: $9.69M (54%)

Prior (08/19) $24.63M

Calls: $19.15M (78%)

Puts: $5.47M (22%)

Current vs Prior -26.93%

Calls: -56.63%

Puts: +76.96%

Prior 7-Day Total $428.87M

Calls: $333.91M (78%)

Puts: $94.96M (22%)

Prior 7-Day Average $61.27M

Calls: $47.70M (78%)

Puts: $13.57M (22%)

Current vs Prior 7-Day Avg -70.63%

Calls: -82.59%

Puts: -28.58%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/20 1:00pm) 0.79

Prior (08/19) 0.34

Current vs Prior +135.27%

Prior 7-Day Average 0.77

Current vs Prior 7-Day Avg +3.72%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/20 1:00pm) 3,616,060

Calls: 2,065,821 (57%)

Puts: 1,550,239 (43%)

Prior (08/19) 3,560,908

Calls: 2,022,163 (57%)

Puts: 1,538,745 (43%)

Current vs Prior +1.55%

Prior 7-Day Total 23,510,964

Calls: 12,877,742 (55%)

Puts: 10,633,222 (45%)

Prior 7-Day Average 3,358,709

Calls: 1,839,677 (55%)

Puts: 1,519,031 (45%)

Current vs Prior 7-Day Avg +7.66%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (08/21) | Next (08/24)Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)

Current 0.94% | 1.15%0.94% | 1.65%0.94% | 3.15%

Prior 1.07% | 1.22%1.07% | 1.64%0.65% | 3.14%

Current vs Prior -12.78% | -5.18%-12.78% | +0.81%+43.76% | +0.04%

Prior 7-Day Avg 0.95% | 1.19%1.06% | 1.63%0.93% | 3.33%

Current vs 7-Day Avg -1.88% | -2.90%-11.48% | +1.31%+0.32% | -5.42%

Prior 7-Day Eod 1.07% | 1.22%1.08% | 1.65%0.60% | 3.13%

Current vs 7-Day Eod -12.78% | -5.18%-13.75% | +0.08%+55.24% | +0.42%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.86% | 2.17%

Calls: 6.38% | 1.79%

Puts: 3.33% | 2.56%

Prior 6.68% | 5.01%

Calls: 6.45% | 5.26%

Puts: 6.90% | 4.76%

Current vs Prior -27.25% | -56.69%

Prior 7-Day Avg 6.20% | 3.57%

Calls: 5.57% | 3.42%

Puts: 6.83% | 3.73%

Current vs 7-Day Avg -21.59% | -39.29%

Liquidity Good

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🤖 AI Insights

P/C ratio rising 135% - increased hedging/bearish positioning.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
13:00	BEARISH	BULLISH	BULLISH
12:00	BEARISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BULLISH	BULLISH

📈 Options Analysis

🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

🔥 High Volume

⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 342 of results (avg 3.4%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 30	1.39	1.40	$1.40	0.7%	1.5K	0.52	9.1K
$82.00	Sep 18	1.17	1.18	$1.17	0.9%	1.7K	0.53	76.8K
$66.00	Aug 21	16.30	16.45	$16.38	0.9%	9	1.00	1
$82.50	Sep 25	1.03	1.04	$1.04	1.0%	287	0.45	5.8K
$67.00	Aug 21	15.30	15.45	$15.38	1.0%	19	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$98.00	Sep 18	15.80	15.95	$15.88	0.9%	--	0.99	16
$97.00	Sep 18	14.80	14.95	$14.88	1.0%	--	0.99	298
$97.00	Sep 30	14.80	14.95	$14.88	1.0%	--	0.99	72
$96.00	Sep 18	13.80	13.95	$13.88	1.1%	--	0.99	1.1K
$96.00	Sep 30	13.80	13.95	$13.88	1.1%	--	0.99	56

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 166 found (avg $0.34, cheapest $0.10)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 21	0.16	0.17	$0.17	5.9%	18.9K	0.41	49.5K
$83.00	Aug 24	0.10	0.11	$0.11	9.1%	2.0K	0.22	3.1K
$83.50	Aug 26	0.08	0.09	$0.09	11.1%	46	0.15	7.2K
$82.50	Aug 24	0.26	0.27	$0.27	3.7%	612	0.43	1.6K
$82.00	Aug 21	0.45	0.48	$0.47	6.4%	4.1K	0.73	13.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.09	0.10	$0.10	10.0%	6.8K	0.27	42.2K
$81.50	Aug 24	0.07	0.08	$0.08	12.5%	922	0.16	2.9K
$82.50	Aug 21	0.29	0.30	$0.30	3.3%	10.4K	0.60	20.4K
$82.00	Aug 24	0.17	0.18	$0.18	5.6%	2.7K	0.33	1.8K
$81.00	Aug 26	0.06	0.07	$0.07	14.3%	234	0.12	381

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 241 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$75.00	Aug 24	7.30	7.45	$7.38	2.0%	--	1.00	49
$78.00	Aug 24	4.30	4.45	$4.38	3.4%	18	1.00	19
$79.00	Aug 24	3.30	3.45	$3.38	4.4%	18	1.00	27
$72.00	Aug 26	10.30	10.45	$10.38	1.4%	4	1.00	--
$79.00	Aug 26	3.35	3.50	$3.43	4.4%	--	1.00	20

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.50	Aug 21	2.13	2.19	$2.16	2.8%	7	1.00	--
$85.00	Aug 21	2.63	2.68	$2.66	1.9%	40	1.00	12.4K
$86.00	Aug 21	3.55	3.75	$3.65	5.5%	26	1.00	999
$87.00	Aug 21	4.55	4.75	$4.65	4.3%	--	1.00	18
$88.00	Aug 21	5.55	5.75	$5.65	3.5%	--	1.00	1.0K

Most actively traded options today. High liquidity = easy entry/exit. 401 active (total vol 328.3K, top 33.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.16	0.17	$0.17	5.9%	29.9K	0.13	63.0K
$83.00	Sep 18	0.66	0.68	$0.67	3.0%	26.4K	0.37	73.2K
$82.50	Aug 21	0.16	0.17	$0.17	5.9%	18.9K	0.41	49.5K
$83.00	Aug 21	0.04	0.05	$0.05	20.0%	14.4K	0.15	52.6K
$84.00	Sep 18	0.34	0.35	$0.35	2.9%	12.4K	0.23	30.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.89	0.91	$0.90	2.2%	33.5K	0.49	167.1K
$83.00	Sep 18	1.41	1.44	$1.42	2.1%	22.6K	0.63	89.9K
$81.00	Sep 18	0.54	0.55	$0.55	1.8%	11.9K	0.33	134.6K
$82.50	Aug 21	0.29	0.30	$0.30	3.3%	10.4K	0.60	20.4K
$82.00	Aug 21	0.09	0.10	$0.10	10.0%	6.8K	0.27	42.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 28.3%, max 28.3%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	12.7%	9.9%	28.3%	4.1K	14.2K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	12.7%	9.9%	28.3%	6.9K	42.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 94 found (best R:R 0.92, avg 1.87)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$82.50	Aug 21	$0.30	$0.20	$0.30	73%	0.67	$82.30
$85.00	$86.00	Sep 30	$0.12	$0.88	$0.12	18%	7.33	$85.12
$82.00	$82.50	Aug 26	$0.28	$0.22	$0.28	63%	0.79	$82.28
$82.00	$82.50	Aug 24	$0.29	$0.21	$0.29	67%	0.72	$82.29
$83.00	$83.50	Sep 4	$0.14	$0.36	$0.14	33%	2.57	$83.14

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Sep 18	$0.52	$0.48	$0.52	63%	0.92	$82.48
$82.00	$81.00	Sep 30	$0.36	$0.64	$0.36	49%	1.78	$81.64
$83.00	$82.00	Sep 30	$0.51	$0.49	$0.51	61%	0.96	$82.49
$82.00	$81.00	Sep 18	$0.35	$0.65	$0.35	49%	1.86	$81.65
$82.50	$82.00	Sep 25	$0.23	$0.27	$0.23	55%	1.17	$82.27

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 55 found (best R:R 0.59, avg 0.47)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 30	$0.37	$0.37	$0.63	61%	0.59	$83.37
$83.00	$84.00	Sep 18	$0.32	$0.32	$0.68	63%	0.47	$83.32
$82.50	$83.00	Sep 4	$0.22	$0.22	$0.28	57%	0.79	$82.72
$84.00	$85.00	Sep 30	$0.23	$0.23	$0.77	72%	0.30	$84.23
$82.50	$83.00	Oct 2	$0.24	$0.24	$0.26	55%	0.92	$82.74

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.50	Aug 26	$0.13	$0.13	$0.37	63%	0.35	$81.87
$82.00	$81.50	Sep 2	$0.20	$0.20	$0.30	53%	0.67	$81.80
$81.50	$81.00	Sep 4	$0.15	$0.15	$0.35	63%	0.43	$81.35
$82.00	$81.50	Aug 31	$0.15	$0.15	$0.35	60%	0.43	$81.85
$82.00	$81.50	Sep 4	$0.20	$0.20	$0.30	52%	0.67	$81.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.10, cheapest $0.09)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.10	12.5%	9.6%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.09	12.5%	9.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 203 found (cheapest 0.57% of stock, avg 4.04%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Aug 21	$0.17	$0.30	$0.47	$82.03	$82.97	0.57%
$82.00	Aug 21	$0.47	$0.10	$0.57	$81.43	$82.57	0.69%
$82.50	Aug 24	$0.27	$0.39	$0.66	$81.84	$83.16	0.80%
$83.00	Aug 21	$0.05	$0.68	$0.73	$82.27	$83.73	0.89%
$82.00	Aug 24	$0.56	$0.18	$0.74	$81.26	$82.74	0.90%
$83.00	Aug 24	$0.11	$0.73	$0.84	$82.16	$83.84	1.02%
$82.50	Aug 26	$0.38	$0.48	$0.86	$81.64	$83.36	1.04%
$81.50	Aug 21	$0.90	$0.03	$0.93	$80.57	$82.43	1.13%
$82.00	Aug 26	$0.66	$0.27	$0.93	$81.07	$82.93	1.13%
$83.00	Aug 26	$0.19	$0.80	$0.99	$82.01	$83.99	1.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 254 found (cheapest 0.06% of stock, avg 0.90%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.50	$81.50	Aug 21	$0.02	$0.03	$0.05	$81.45	$83.55
$84.00	$81.00	Aug 24	$0.03	$0.04	$0.07	$80.93	$84.07
$83.00	$81.50	Aug 21	$0.05	$0.03	$0.08	$81.42	$83.08
$84.00	$80.50	Aug 26	$0.05	$0.04	$0.09	$80.41	$84.09
$83.50	$81.00	Aug 24	$0.05	$0.04	$0.09	$80.91	$83.59
$84.50	$80.00	Aug 28	$0.06	$0.05	$0.11	$79.89	$84.61
$84.00	$81.50	Aug 24	$0.03	$0.08	$0.11	$81.39	$84.11
$84.00	$81.00	Aug 26	$0.05	$0.07	$0.12	$80.88	$84.12
$83.50	$81.50	Aug 24	$0.05	$0.08	$0.13	$81.37	$83.63
$84.50	$80.00	Aug 31	$0.07	$0.07	$0.14	$79.86	$84.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 18 found (best R:R 0.92, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	84/85	Oct 2	$0.24	$0.26	46%	0.92	$80.26	$84.74
80/81	84/84	Sep 25	$0.27	$0.23	40%	1.17	$80.73	$84.27
80/80	84/85	Oct 2	$0.21	$0.29	51%	0.72	$79.79	$84.71
80/80	84/84	Oct 2	$0.29	$0.21	36%	1.38	$80.21	$83.79
80/80	84/84	Oct 2	$0.26	$0.24	41%	1.08	$80.24	$84.26
80/80	84/84	Oct 2	$0.26	$0.24	41%	1.08	$79.74	$83.76
80/80	84/84	Oct 2	$0.23	$0.27	46%	0.85	$79.77	$84.23
80/81	84/84	Sep 25	$0.29	$0.21	34%	1.38	$80.71	$83.79
80/81	84/84	Sep 11	$0.24	$0.26	42%	0.92	$80.76	$83.74
80/81	83/84	Sep 11	$0.28	$0.22	34%	1.27	$80.72	$83.28

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 101 found (best R:R 6.14, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 18	$0.14	$0.86	32%	6.14
$80.00	$81.00	$82.00	Sep 30	$0.12	$0.88	28%	7.33
$79.00	$80.00	$81.00	Sep 18	$0.10	$0.90	24%	9.00
$81.00	$82.00	$83.00	Sep 18	$0.16	$0.84	33%	5.25
$79.00	$80.00	$81.00	Sep 30	$0.09	$0.91	22%	10.11

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 18	$0.12	$0.88	28%	7.33
$84.00	$85.00	$86.00	Sep 30	$0.05	$0.95	16%	19.00
$81.50	$82.00	$82.50	Aug 21	$0.13	$0.37	51%	2.85
$80.00	$81.00	$82.00	Sep 30	$0.11	$0.89	25%	8.09
$82.00	$82.50	$83.00	Aug 21	$0.18	$0.32	59%	1.78

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 157 found (best net $-0.88, 147 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 11	-$2.43	$2.57
$75.00	$78.00	1:2	Aug 24	-$1.38	$1.62
$75.00	$78.00	1:2	Sep 2	-$1.43	$1.57
$71.00	$75.00	1:2	Sep 2	-$3.43	$0.57
$71.00	$75.00	1:2	Sep 18	-$3.43	$0.57

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.00	1:2	Sep 25	-$0.88	$4.12
$85.50	$84.00	1:2	Sep 2	-$0.53	$0.97
$83.00	$82.50	1:2	Aug 24	-$0.05	$0.45
$83.50	$83.00	1:2	Aug 21	-$0.21	$0.29
$85.00	$84.00	1:2	Aug 31	-$0.74	$0.26

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 66 found (best yield 1.36%, avg 0.37%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.50	Oct 2	$1.12	0.45	0.2%	1.36%	1.54%	55	192
$83.00	Sep 30	$0.88	0.39	0.8%	1.07%	1.86%	1.6K	10.9K
$83.00	Oct 2	$0.88	0.39	0.8%	1.07%	1.86%	130	1.3K
$82.50	Sep 25	$1.03	0.45	0.2%	1.25%	1.43%	287	5.8K
$83.50	Oct 2	$0.68	0.33	1.4%	0.83%	2.22%	--	282
$83.00	Sep 25	$0.79	0.39	0.8%	0.96%	1.75%	196	1.1K
$84.00	Sep 30	$0.51	0.28	2.0%	0.62%	2.62%	470	55.6K
$84.00	Oct 2	$0.52	0.27	2.0%	0.63%	2.64%	5	324
$83.50	Sep 25	$0.59	0.32	1.4%	0.72%	2.11%	563	567
$83.00	Sep 18	$0.66	0.37	0.8%	0.80%	1.59%	26.4K	73.2K

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Current Put/Call Breakdown

Total Calls 183,309

Total Puts 145,495

Put/Call Ratio 0.79

Net Difference 37,814

Prior's Put/Call Breakdown

Total Calls 328,713

Total Puts 110,896

Put/Call Ratio 0.34

Net Difference 217,817

Prior 7-Day Put/Call Summary

Total Calls 1,912,899

Total Puts 1,357,972

Average Put/Call Ratio 0.77

Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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